Peadar Tóibín (Meath West, Sinn Fein)

I take the view of the Central Bank with regard to this issue but from the response it seems everybody involved realises there is an onerous burden on the industry, particularly on the smaller players. If these individuals were allowed to operate without the current auditing procedure, the Central Bank would not feel directly confident, but I believe the Central Bank looks sympathetically at the idea that something needs to be done. The Minister of State has said this will be done when an appropriate companies Bill comes before the House. When will this happen? How long more must these businesses struggle under the weight of this burden which almost everybody agrees is unfair?

The Minister of State was asked a question with regard to the various outputs of the accountancy codes. If we have two codes, the likelihood is they will not give exactly the same answers. I would like the views of the Minister of State on this.

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